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MAN PLEADS GUILTY TO $5 MILLION LOAN FRAUD
Glendale Man Pleads Guilty in $5 Million Loan Fraud Case   LOS ANGELES—A Glendale man has pleaded guilty to five felony charges, admitting that he defrauded private money lenders out of more than $5 million by fabricating numerous documents and pledging as collateral properties he did not own. Henrik Sardariani, 44, pleaded guilty last Wednesday to conspiracy, three counts of wire fraud and money laundering.
Henrik Sardariani has been in custody since December 21, 2010, when he and his brother, Hamlet Sardariani, were arrested by special agents with the Federal Bureau of Investigation and IRS-Criminal Investigation.
According to a plea agreement filed in this case, Henrik Sardariani obtained more than $5 million in loans after, among other things, falsifying numerous documents. In order to obtain one of the loans, Henrik Sardariani fraudulently used a house as collateral and falsely claimed to be the president of the company that owned the property. To support the claim that he controlled the company, Henrik Sardariani created false corporate records that were presented to the lender.
Henrik Sardariani also admitted that he created fraudulent property records to make it appear that prior loans had been paid off and that, therefore, new loans would be fully ... more

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